Stock trading can be an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfactory numbers. On other days it could be the reverse and it could be extremely difficult to return to the point you were at your peak. If you find yourself immersed in the water, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your improvement within the field. This review will be taking the time to look at Profit.ly is a well-known one-stop social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes’ Ethnicity
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and uplifting with each other through its broad array of tools and features such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus and newsletter writers and students as well as) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes’ Ethnicity
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared at achieving achievement. You may set up an account there at no cost, however you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to prove your worth to a community of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account then you could decide to share your trades, verified or not, by taking photographs. Included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small businesses to transition to a large marketplace as it gives them access to capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have earned substantial profits from their combined years of knowledge. Timothy Sykes’ Ethnicity
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes’ Ethnicity
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed to this plan, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you can create a private profile to share with other associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to improve their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to view other traders’ stats, which could be a problem for those who are looking forward to this tier. Timothy Sykes’ Ethnicity
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month and a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can pick from a range of videos designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on area where experts and members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One might be more laid back and not very often engaged, while another could be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can select from the products in its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be taken as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to develop their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes’ Ethnicity
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes’ Ethnicity
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and be more successful than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes’ Ethnicity
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the ‘My Trade’ category of the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
